"Peabody Energy Agrees to Greater Disclosures of Financial Risks"

"Peabody Energy, the world’s biggest private coal company, has agreed to make more robust disclosures to its investors about the financial risks it faces from future government policies and regulations related to climate change and other environmental issues that could reduce demand for its product.

The coal giant’s concessions came in response to a two-year investigation by the New York attorney general that found that Peabody had not been forthright with investors and regulators about threats to its business that the company projected in private.

The agreement between Peabody and Attorney General Eric T. Schneiderman was expected to be announced on Monday. Days before, Mr. Schneiderman’s office started a separate investigation into Exxon Mobil to determine whether the company lied to the public about the dangers of climate change while its scientists warned about the gathering threat to the environment posed by carbon pollution."

Clifford Krauss reports for the New York Times November 8, 2015.